Russian gas giant OAO Gazprom said Friday that a $1.3 billion trade secrets suit being pursued by Moncrief Oil International Inc. belongs in Texas federal court because the dispute is subject to a foreign arbitration agreement governing a failed Siberian gas field deal.
A Hong Kong businessman and two of his companies have racked up $8.4 million in fines from the U.S. Department of Commerce’s Bureau of Industry & Security, which found they knowingly broke an order to buy technology-related parts from U.S. exporters, according to rulings made public Thursday.
A New Jersey judge on Friday refused to toss Direct Access Partners LLC's suit accusing auditing firm Rothstein Kass & Co. PC of negligence for missing a $66 million foreign trading and bribery fraud that contributed to its parent company's bankruptcy, paving the way for discovery, an attorney for the broker-dealer said.
The U.S. Senate on Thursday confirmed the founder of a cloud computing company, intellectual property expert and former longtime head of BSA–The Software Alliance, an industry association representing the software sector, to serve as a deputy U.S. trade representative.
The Second Circuit on Friday dismissed Citibank NA's appeal of a New York federal judge's order preventing it from processing an upcoming payment on $8.4 billion in Argentine sovereign debt, a day after the bank's lawyer argued that the lower court's ruling has "put a gun to our head."
ExxonMobil Corp. confirmed Friday that it's stopping work on an offshore oil well in the Arctic Ocean it's jointly developing with Russian oil giant OAO Rosneft in order to comply with escalating U.S. and European Union sanctions that have put the squeeze on Russia's energy sector.
Russian President Vladimir Putin on Thursday chided the U.S. and European Union for escalating sanctions on Moscow's financial, defense and energy industries in response to the crisis in Ukraine, alleging those measures violate the most basic rules underpinning the World Trade Organization.
The U.S. Senate on Thursday overwhelmingly approved funding for Syrian rebels to battle the Islamic State militant group, as part of a short-term spending bill that will fund the federal government through early December and avert another shutdown.
A New York federal judge said Thursday he needed more information to decide whether a prominent BakerHostetler partner violated a former hedge fund client’s confidentiality by representing defendants in a supposedly related tax fraud case.
Agricultural products exporter SABA Inc. agreed on Wednesday to pay $3.5 million to settle claims in New York federal court that it fraudulently obtained a $29 million construction loan from Deutsche Bank AG guaranteed by the U.S. Export-Import Bank, but a suit against its agent will move forward.
The Federal Circuit's decision to hold an importing company's president personally liable for submitting false information to U.S. Customs and Border Protection may expand the agency's enforcement efforts, experts say, warning importers to be on high alert in their compliance efforts.
A New York federal judge’s refusal to let Citibank NA process an upcoming payment on $8.4 billion in Argentine sovereign debt has put a “gun to our head” and could land the bank under criminal prosecution in Argentina if allowed to stand, its attorney told the Second Circuit on Thursday.
The Second Circuit on Thursday upheld the dismissal of Iraq's $10 billion racketeering lawsuit accusing multinational companies of helping Saddam Hussein defraud the United Nations’ so-called Oil-for-Food program, finding the Hussein regime acted as a representative of the Middle Eastern nation, which could not sue itself.
The United States will resume its arbitration action against Guatemala after the country failed to enforce fair working standards for its employees under a regional trade agreement, U.S. Trade Representative Michael Froman announced Thursday.
The top-ranking Democrat on the powerful House Ways and Means Committee on Thursday pressed his fellow lawmakers to intensify their engagement on certain issues within the Trans-Pacific Partnership talks, stressing that the pact's rules on food safety, labor, the environment and other areas demand urgent scrutiny.
A nonprofit organization on Wednesday issued a massive report funded by the U.S. Department of Labor revealing “widespread” forced labor conditions in Malaysia’s electronics industry, a development that could impact the effort to craft strict labor rules in the Trans-Pacific Partnership talks.
The U.S. House of Representatives on Wednesday passed a continuing resolution funding the government through early December — reauthorizing the U.S. Export-Import Bank and avoiding a shutdown — after agreeing to an amendment to provide funding for Syrian rebels to combat the Islamic State group following extended debate.
A collection of import-reliant businesses has urged Congress to swiftly renew an expired program allowing the duty-free shipment of goods from nearly 130 countries into the U.S., claiming the lapse of trade preferences has sparked higher costs and lost sales.
The U.S. Department of Commerce on Tuesday opened a pair of investigations to explore claims that Chinese companies have sold steel shelving units in the U.S. at unfairly low prices and also received illegal government subsidies in a scheme that allegedly undercut the sales of domestic producers.
The International Trade Commission on Wednesday rejected taking measures against two Chinese chemical companies for importing an allegedly patent-infringing herbicide, saying the petitioner didn't prove that it's entitled to relief.
Lawyers who deal with anti-corruption risks and third parties have passed around standard clauses they like to use in their agent and distributor contracts. But taking a more creative approach to contract drafting is an important way to minimize risk, says Michael Volkov of The Volkov Law Group LLC.
Cox v. Smith & Nephew Inc. highlights the vulnerability of medical device manufacturers that source products from nondesignated countries under the Trade Agreements Act to potential False Claims Act liability and the need for diligence in ascertaining the country of origin for goods under government contract, say Donna Yesner and Stephen Ruscus of Morgan Lewis & Bockius LLP.
Overall, the U.S. oil country tubular goods industry is pleased with the outcomes of the OCTG trade cases at the administrative agency level, particularly because the U.S. Department of Commerce increased anti-dumping duties on imports from Korea in its final margin calculations and the U.S. International Trade Commission made affirmative determinations with respect to substantially all subject imports, says Brian McGill of King & Spalding LLP.
A vote for an independent Scotland will have many consequences for the United Kingdom. Unsurprisingly, the implications for U.K. sovereign credit default swaps have not featured prominently in the public debate, say attorneys with Shearman & Sterling LLP.
Western companies should expect the current economic sanctions between Russia and the West to remain, if not intensify — today’s food ban could become tomorrow’s automobile ban, and the prohibitions on trade could come from either the West or Russia at this point, say attorneys at Faegre Baker Daniels LLP.
While the latest U.S. and EU sanctions do not cut off entire sectors of the Russian economy, they come close, say attorneys with Holland & Hart LLP.
A recent Law360 article about the perennial BigLaw concern over how to recruit and retain female and ethnically diverse attorneys addressed a new approach being taken by some law firms — going beyond traditional mentoring programs by creating a sponsorship relationship. Pro bono can also play a part, say David Lash and Merle Vaughn of the Association of Pro Bono Counsel.
Efforts to apply the Esquenazi definition in Korea — a country where the government plays a significant yet often obscured role in several important industries — reveal that the definition leaves important questions unresolved and provides little comfort to companies trying to determine whether a potential business partner may be subject to the Foreign Corrupt Practices Act, say attorneys with Cadwalader Wickersham & Taft LLP and Kim & Chang.
For a law firm, excess time dedicated to legal research generates waste, either in the form of artificially reduced billable hours or, particularly in flat or contingency fee projects, as overhead eroding the profitability of legal work. By measuring five factors, firms will begin to understand their own opportunities for improving profits, says David Houlihan of Blue Hill Research Inc.
The Federal Circuit's recent decision in Align Technology Inc. v. U.S. International Trade Commission highlights a loophole in current ITC rules — limitations on the ITC’s ability to review the denial of summary determination motions on threshold issues — that the commission is likely to consider closing, says Christopher May of McDermott Will & Emery LLP.